Monday 30 October 2017

NDX 100 & NDX 100 Equal Weighted Chart Rewiew:

NDX 100 & NDX 100 Equal Weighted Chart Review:

NDX 100:
Great rebound from old high and 34 EMA, broke past October high, now need to see a follow-through of this move. October high expected to be tested for support!

NDXE: Nasdaq 100 Equal Weighted Index:

Rebounded from old highs and key support zones. So far so good. Next key resistance zone is the October high of 3434.
RISK: The NDX has made a new high and broken out, as where the NDXE did not. It only rebounded from key support zone. Need to see this new rally to continue from this support zone for the NDXE!

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